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Telecom Industry Veteran Sam Saba Joins Mavenir to Lead Expansion in Asia Pacific

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Mavenir, a leader in accelerating software network transformation and transforming mobile network economics for communications service providers (CSPs), has appointed Sam Saba as Senior Vice President and Head of Asia Pacific region based out of the Sydney offices of the privately held US headquartered company. Mavenir offers a complete mobile network portfolio that is 100% software based, which paves the way for the affordable adoption of 5G services across the region. Having been a senior management figure for over two decades in the mobile telecommunications infrastructure business, Saba was enticed to join Mavenir as the industry’s only 100% end to end cloud based portfolio of solutions changes the mobile network operators economics through innovation.

Mavenir has virtualised core network and Access/RAN functions on open-interfaces and standard hardware platforms to bring solutions to the market that meet the 5G standard and provide feasible options for operators. By delivering end-to-end virtualised solutions from the core to the edge, Mavenir is redefining mobile network economics and is poised to disrupt the traditional equipment providers as a result, while helping operators succeed and deliver value inherent in the opportunities represented by 5G. A recent customer in Asia includes Rakuten Inc., Japan’s newest and most innovative mobile network, that will include Mavenir’s 5G ready platform which monetizes voice and messaging in a single application for least-cost roaming.

Saba has over 23 years of experience in telecommunications in Asia, and will be responsible for sales and customer engagement with the teams spanning five Mavenir offices across the region. The remit will be to re-define the mobile network economics by providing strategies and solutions for cost reduction, revenue generation and revenue protection.

Commenting on the appointment of Sam Saba to run the Asia Pacific business of Mavenir, President and Chief Executive Pardeep Kohli said, “Sam Saba brings considerable experience, his personal network and a tremendous track record in the telecommunications industry to Mavenir. We are delighted that he agrees that Mavenir represents the future in which virtualised solutions offer communication service providers new ways to add value to their subscribers in cost effective and rapid deployments.”

Saba established his industry credentials whilst working at Ericsson, a Swedish multinational networking and telecommunications company. Throughout his 23-year career, he held multiple senior Sales & Operations roles across SE Asia, Oceania & the Middle East regions and was in his last role the President of Ericsson Region Southeast Asia & Oceania between 2014 & 2017 based in Singapore.

Saba, said, “I want to play a role in the exciting Mavenir growth story. I believe that virtualisation of network architecture will herald a new era in telecommunications, ushering in the rapid and cost effective adoption of 5G in Asia Pacific. Mavenir is a disruptor and will be a key player in the transformation of the industry from deployment of expensive hardware to rapid activation of cost effective software solutions.”

Mavenir technology has received accolades around the world. The virtualized RAN solution won the 2019 5G MENA award and the 2018 TechXLR8 5G Asia Award for Best RAN Product award for its innovative, flexible Cloud RAN solution as it can save operators 37% in total cost of ownership (TCO) over a five-year period due to a 49% reduction in capital expenditure and a 31% annual reduction in operating expenditure. The advanced 5G Core won the Leading Innovation award at 2019 NFV Europe event for its innovative architecture that makes multiple evolution options from 4G to 5G possible, providing a flexible solution regardless of where operators are in their transition process.

Slowing subscriber growth, regulatory intervention and intense competition place significant pressure on operators’ traditional mobile revenues demanding a new way to adopt new standards like 5G. With many ASEAN markets having youth as the largest segment of the population, strong desire for everything digital, and in many of these markets, the lack of legacy 4G infrastructure make them fertile ground for Mavenir’s virtualized Radio Access Network (vRAN) and cloud based portfolio. In other more mature markets like Japan and S. Korea, incumbent operators are being challenged by innovative companies like Rakuten, which is deploying technologies including virtualization, automation, machine-learning, and artificial intelligence as the new way to define and deliver unique services for mobile consumers, governments and enterprises.

 

SOURCE Mavenir

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Announcement of change in the total number of votes in AB SKF

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GOTHENBURG, Sweden, March 28, 2024 /PRNewswire/ — Due to a conversion of shares from Series A to Series B in accordance with AB SKF’s Articles of Association, the Company confirms the following.

As per 28 March 2024, the Company’s share capital amounts to SEK 1,138,377,670 and the total number of shares amounts to 29,286,933 shares of Series A and 426,064,135 shares of Series B. The number of votes in the Company amounts to 71,893,346.5.

AB SKF does not hold any own shares.

Aktiebolaget SKF
      (publ)

Information in this press release contains information that AB SKF is obliged to make public pursuant to the Financial Instruments Trading Act. The information was submitted for publication on 28 March 2024 at 08.00 CET.

CONTACT:

For further information, please contact:
PRESS: Carl Bjernstam, Head of Media Relations
tel: 46 31-337 2517; mobile: 46 722-201 893; e-mail: [email protected] 

INVESTOR RELATIONS: Sophie Arnius, Head of Investor Relations
tel: 46 31-337 8072; mobile: 46 705-908 072; [email protected]  

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/skf/r/announcement-of-change-in-the-total-number-of-votes-in-ab-skf,c3953982

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20240328 Announcement of change in the total number of votes in AB SKF

 

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Tetragon Financial Group Limited February 2024 Monthly Factsheet

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LONDON, March 28, 2024 /PRNewswire/ — Tetragon has released its Monthly Factsheet for February 2024.

–  Net Asset Value: $ 2,801m
–  Fully Diluted NAV Per Share: $30.93
–  Share Price (TFG NA): $9.60
–  Monthly NAV per share total return: 0.7%
–  Monthly Return on Equity: 0.8%
–  Most recent quarterly dividend: $0.11
–  Dividend yield: 4.6%

Please refer to important disclosures on page three of the Monthly Factsheet.

Please click below to access the Monthly Factsheet.

February 2024 Factsheet 

About Tetragon:

Tetragon is a Guernsey closed-ended investment company. Its non-voting shares are listed on Euronext in Amsterdam, a regulated market of Euronext Amsterdam N.V., and also traded on the Specialist Fund Segment of the Main Market of the London Stock Exchange. Our investment manager is Tetragon Financial Management LP. Find out more at www.tetragoninv.com.

Tetragon’s non-voting shares are subject to restrictions on ownership by U.S. persons and are not intended for European retail investors.

Please see: https://www.tetragoninv.com/shareholders/additional-information.

Tetragon Investor Relations:
Yuko Thomas
[email protected]

Press Inquiries:
Prosek Partners
[email protected]
U.K. +44 20 3890 9193
U.S. +1 212 279 3115

This release does not contain or constitute an offer to sell or a solicitation of an offer to purchase securities in the United States or any other jurisdiction. The securities of Tetragon have not been and will not be registered under the U.S. Securities Act of 1933 and may not be offered or sold in the United States or to U.S. persons unless they are registered under applicable law or exempt from registration. Tetragon does not intend to register any portion of its securities in the United States or to conduct a public offer of securities in the United States. In addition, Tetragon has not been and will not be registered under the U.S. Investment Company Act of 1940, and investors will not be entitled to the benefits of such Act. Tetragon is registered in the public register of the Netherlands Authority for the Financial Markets under Section 1:107 of the Financial Markets Supervision Act as a collective investment scheme from a designated country.    

 

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XRP Healthcare move forward as one entity for African M&A venture

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DUBAI, UAE, March 28, 2024 /PRNewswire/ — In a bold move to address the challenges of the highly fragmented African healthcare sector, XRP Healthcare is excited to announce the incorporation of XRP Healthcare Africa, in Uganda. This strategic decision marks a significant step towards consolidating healthcare services and streamlining operations across the continent, fostering a more unified and efficient healthcare landscape.

 

XRP Healthcare recognizing the critical need for an integrated healthcare system, has taken decisive action by establishing XRP Healthcare Africa, in Uganda – a fully autonomous entity with a compliant legal structure to operate on the African continent.

This development is a testament to XRP Healthcare’s commitment to creating a sustainable and independent operational framework in Uganda and Africa.

“Our vision for XRP Healthcare Africa is to create a robust and unified healthcare entity that can efficiently address the needs of the African population,” stated CEO/Founder Kain Roomes at XRP Healthcare. “By consolidating our mergers and acquisitions local operations under XRP Healthcare Africa, we are eliminating dependencies on third-party entities such as The Burnratty Investment Group, which will no longer be part of our plans moving forward, but rather we have opted for a fully owned entity such as XRP Healthcare Africa, ensuring a streamlined and cohesive approach towards achieving our M&A goals here in Uganda.”

The Dubai-incorporated arm of XRP Healthcare, established last year in the UAE, will be pivotal in facilitating the organization’s acquisitions across the continent. Additionally, the recent incorporation of XRP Healthcare Africa in Uganda signifies a strategic move to enhance the company’s ability to manage local transactions and operations efficiently, further solidifying its presence and commitment to improving healthcare in Africa.

“Setting up XRP Healthcare Africa in Uganda is a critical step in our strategy to deepen our engagement with local communities,” explained Laban Roomes, Business Development Officer at XRP Healthcare. “This local incorporation allows us to navigate the unique challenges and opportunities within the African healthcare sector more effectively, ensuring that our efforts are closely aligned with the needs of the communities we serve.”

Over the coming weeks and months, XRP Healthcare is poised to share updates and progress on its journey to consolidate the fragmented healthcare sector in Uganda and beyond. This initiative underscores the organization’s dedication to raising funds independently and leveraging its consolidated structure to drive significant improvements in healthcare access, quality, and efficiency across Africa.

“We are thrilled to be streamlining and developing our local operations, now bolstered by an independent legal framework fully aligned with Uganda’s legal system,” said Chairman Whitney Lynn, who has over 45 years of experience in the M&A sector expressed his enthusiasm for the strategic direction of XRP Healthcare and the incorporation of XRP Healthcare Africa, in Uganda.

“The establishment of a cohesive and autonomous entity in Uganda marks a significant milestone in our journey. I’m incredibly excited about the opportunity to reveal our plans and the progress we anticipate in Uganda. This move not only strengthens our commitment to the region but also sets the stage for a transformative impact on healthcare delivery across Africa.”

 

About XRP Healthcare

XRP Healthcare is the first Pharma and Healthcare platform on the XRP Ledger, enabling fast global payments, improving healthcare access in emerging markets, and creating realworld utility by transforming global healthcare through mergers, acquisitions and blockchain.

 

www.xrphealthcare.com

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XRP Healthcare Logo

 

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